If you seek to mine cryptocurrencies and make reasonable profits from it, then you need one of the Application Specified Integration Circuit (ASIC) miner. These ASIC miners were specially designed for mining. The developer of Bitcoin initially wanted all to mine with computers (CPU), but these miners discovered that Graphics Processing Units (GPU) cards were more effective than the CPU's and they decided to make use of it. After a couple of years, ASIC miners were developed. These ASIC miners have been referred to as mining machines, mining computers and even mining generators. Currently, all form of Bitcoin mining is done with these specially designed miners.
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In this article, we will discuss some of the best ASIC miners, before we do that we will take a good look at what factors makes a good miner. Some of them include :
- Hash Rate : it is important to consider the amount of hashrate each device can make.
- Efficiency Level : since most of the miners that are available use large amounts of electricity, then it is important that you look for one that converts this electricity into Bitcoins as a fast as possible.
- Price : you have to also consider the cost. While doing so, you have to always remember that cheap mining hardware will result in low-efficiency rate and may even use more electricity.
Some of the best ASIC miners include;
Antminer S7
This miner was developed by leading mining developer Bitmain and it is the predecessor of the Antminer S9. Although this ASIC miner has a lower hash rate compared to the S9, since of the launch of the S9, fairly used S7 miners have flooded the market. These fairly used miners are quite cheap compared to the new, meaning that if you purchase one of these fairly used ones, you will see faster return on investments. One important feature of this miner is that it generates less noise and heat when compared to the S9.
Antminer S9
Also manufactured by Bitmain, this ASIC miner is one of the most popular and newly launched mining devices right now. It has been described by people as the most efficient miner that can be found in the market at the moment. This mining rig although expensive has experienced a massive sale since it was launched. This has been attributed to its efficiency. The only flaw of this ASIC miner is that it generates more power as well as noise when compared to its predecessor the S7.
Whatsminer M3
This newly launched ASIC miner was manufactured by Pagolin Miner. Although the hash rate this miner offers is less than that of the S9, this ASIC happens to be cheaper than the S9. This means that you can get returns on investment in no time. This miner draws a reasonable amount of power, but the in-built fans help to quickly dissipate the heat. Also, this miner is as noisy as the S9 ASIC miner. The company behind the manufacturing of this miner offers all buyers about 180 days warranty.
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